EX-10.7 3 cece-ex107_496.htm EX-10.7 cece-ex107_496.htm
Summary term sheet governing arrangement of consulting services JMP Fam Holdings Inc. performs pursuant to oral agreement
JMP Fam Holdings Inc. is paid $6,500 per month for consulting services. JMP Fam Holdings Inc. performs for CECO consulting services regarding the Company’s corporate policies, marketing, strategic and financial planning, including long and short-term goals, mergers and acquisitions and other business combinations, financing, growth plans and other related matters’.
JMP Fam Holdings Inc. is engaged as an independent contractor and is not an employee of the Company for any purpose whatsoever, including limitation, for purposes relating to taxes, workers’ compensation or workplace safety insurance, payments require by statue or any other withholdings or remittances to any governmental agency or authority. No course of dealing between the parties is intended to create, or shall create, an employment relationship, a joint venture, partnership or any similar relationship. CECO is interested only in the results obtained by JMP Fam Holdings Inc. and JMP Fam Holdings Inc. shall have sole control of the manner and means of performing its services to CECO consistent with policies and practices of CECO and with CECO’s interests and in accordance with all applicable laws, rules, and regulations.